Iraqs oil marketing company SOMO says Abu Dhabis Adnoc is one of the companies buying Iraqi crude and moving shipments through the Strait of Hormuz. Adnocs trading arm is also offering Iraqi oil to Asian buyers, while Iraqs crude exports through Hormuz have risen to around 2 million barrels per day. The increase underscores how heavily Iraqs oil trade with Asian markets depends on the strategically important waterway.

UAE's Adnoc uses shuttling tactics to export Iraqi oil through the Strait of Hormuz, enhancing supply to Asian markets.

Iraqs oil marketing company SOMO says Abu Dhabis Adnoc is one of the companies buying Iraqi crude and moving shipments through the Strait of Hormuz. Adnocs trading arm is also…